The solar rebate NSW program was created by Environment Australia and the NSW government to encourage the use of renewable energy by offering a reduction in the cost of solar panels.
The program offers households up to $7000 refunds or a loan for the installation of solar panels. Anybody who lives or leases in New South Wales is eligible for the solar rebate scheme. The initiative requires households to have a solar panel system installed by a professional.
The NSW Government has announced that solar rebate NSW will be reduced every year on January 1st as part of the phase-out scheme, which aims to reduce the rebate to zero by 2031.
Hence, if you want to apply for a solar rebate, we suggest you to get it before the next reduction in January 2024. In terms of subsidies, you may expect to receive a rebate ranging from $2000 to $7000 on the initial cost of the solar panels in 2023. The initial cost of your solar panels will rise by 4-5% every year.
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